A company reports the following:

Line Item Description Amount

Net income $$100,870$

Preferred dividends $$7,470$

Shares of common stock outstanding $20,000$

Market price per share of common stock $$94\mathrm{.}52$

Compute the company$$s price$-$earnings ratio. Round answer to one decimal place.

Answer rating: 100% (QA)

Sure The companys pricetoearnings ratio PE ratio is negative in this scenario Heres the calculation ... View the full answer